CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases $170,495.85 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 2,287 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of $74.55 per share, for a total transaction of $170,495.85. Following the acquisition, the insider now owns 153,155 shares of the company’s stock, valued at approximately $11,417,705.25. The trade was a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Trading Up 1.4 %

Shares of NYSE:UAN opened at $74.21 on Monday. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. CVR Partners, LP has a 1 year low of $61.62 and a 1 year high of $88.94. The company has a market cap of $1.27 billion, a P/E ratio of 14.93 and a beta of 1.35. The stock’s fifty day moving average price is $72.71 and its 200-day moving average price is $72.92.

CVR Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $1.19 dividend. The ex-dividend date was Friday, November 8th. This represents a $4.76 annualized dividend and a yield of 6.41%. CVR Partners’s payout ratio is presently 95.77%.

Institutional Investors Weigh In On CVR Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UAN. Oxbow Advisors LLC bought a new position in shares of CVR Partners in the second quarter worth about $212,000. Founders Financial Alliance LLC boosted its holdings in shares of CVR Partners by 9.0% during the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after purchasing an additional 1,400 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of CVR Partners during the third quarter valued at about $293,000. Apollon Wealth Management LLC bought a new stake in shares of CVR Partners in the third quarter worth about $244,000. Finally, GSA Capital Partners LLP lifted its position in shares of CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after buying an additional 1,187 shares in the last quarter. 43.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut CVR Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 18th.

CVR Partners Company Profile

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.